NIS - General Discussion, page-3

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TopGun1

12,517 Posts.

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22/11/23

18:31

Post #: 71050921
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Originally posted by OzBandit ↑

Given the recent developments and price action, NickelSearch (NIS) is poised for a breakout and upward momentum. In the spirit of centralizing valuable contributions, it's time for a general discussion thread. I'll start with ten reasons why NickelSearch (NIS) could be considered a promising investment/punt:

Diverse Resource Base: NIS holds a significant 27MT Nickel JORC resource, indicating a strong base in nickel resources.

Lithium Potential: Recent findings of high-grade lithium boulders/rocks grading over 5% Li and the presence of lithium in soil samples enhance the company's potential in the lithium market.

Proximity to Major Operations: The proximity of NIS's operations to Allkem's Mt Catlin Lithium plant (less than 10 kms away) and First Quantum's Nickel plant (less than 5 kms) suggests logistical advantages and potential synergies.

Strategic Location: NIS is situated in Australia, WA, a region known for its rich mineral deposits and supportive mining infrastructure.

Experienced Management: With Nicole Duncan, an ex-BHP and South 32 executive, at the helm, the company benefits from seasoned leadership.

Collaboration with Industry Leaders: The Non-Disclosure Agreement (NDA) signed with Allkem, a major player in the mining industry, and the technical assistance provided by Allkem, underscores industry recognition and support.

Extensive Exploration Activities: NIS is actively engaged in exploration, including sampling, mapping, and rock chip collecting, indicating a commitment to expanding its resource base.

Historical Data Reassessment: The re-assaying of 140kms of historical drilling for lithium suggests a methodical approach to leveraging existing data for new opportunities.

Infrastructure Advantage: The presence of excellent infrastructure, including road, rail, and port access, particularly the proximity to Esperance Port, enhances operational efficiency.

Financial Position: With a market capitalization of only $21 million and $3 million in cash, along with the possibility of an additional $1.1 million influx, NIS presents a potentially undervalued investment opportunity in the resources sector.

DYOR & GLTAH

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Nice. I wonder where you got that information from

Plenty to look forward too imo

Hopefully Allkem and NIS Geo's are finding some interesting items on the ground and hopefully the data from the labs, brings some excellent news

I keep getting people saying they need to raise.

However management have planned this quite well and are fully funded with $3m in the bank, after last week's additional $1.3m options conversion. I expect the other 15m options to be converted, which will raise another $1.1m

This means NIS will have $4m in the bank, by the end of November.
Last edited by TopGun1: 22/11/23

NIS Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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